Trump says US gets rare earth minerals from China in trade deal, tariffs on Chinese goods go to 55%

WASHINGTON (AP) — President Donald Trump announced Wednesday that the United States will get magnets and rare earth minerals from China under a new trade deal and that tariffs on Chinese goods will rise to 55%. In return, Trump said, the U.S. will provide China "what was agreed to," including allowing Chinese students to attend American colleges and universities. The Republican president had recently begun to clamp down on the presence of Chinese nationals on U.S. college campuses. The new 55% tariff rate would mark a meaningful increase from the 30% levy set in Switzerland during talks in May. "OUR…